The housing market continues to be a hot topic, and with all the buzz, it’s easy to get stuck in a cycle of “what ifs?” But before you put your dreams of homeownership on hold, let’s clear the air and debunk some common myths about the 2024 housing market.
Myth #1: Hitting the Pause Button Until Mortgage Rates Dip “I should wait until mortgage rates fall”
This might seem like a logical strategy, but experts predict rates will fluctuate, not plummet. Trying to time the market perfectly can leave you sidelined while others snatch up their dream homes. The Kerezsi Real Estate Team can connect you with a trusted mortgage professional who will guide you towards the best loan options for your situation.
Myth #2: Waiting for a Housing Market Crash “Holding out for a housing market crash might secure a bigger discount”
Here’s the reality: data shows home prices are still rising, just at a more measured pace. Delaying your purchase could mean missing out on your ideal home and potentially even paying more in the long run.
Myth #3: A Buyer’s Paradise is a Myth “It’s a challenge to find a house when the inventory is low”
While inventory remains lower than pre-pandemic levels, there are more houses for sale in 2024 compared to last year. This translates to a wider selection for you to choose from!
Myth #4: The 20% Down Payment Hurdle “Saving a 20% down payment seems like a requirement”
Don’t let this one hold you back! Many buyers secure their homes with a smaller down payment. There are even loan programs available that require as little as 3.5% down, or even 0% down for qualified buyers. We can help you navigate the various financing options to find the perfect fit for your budget.
Ready to Make Your Move?
Whether you’re looking to sell a home in Media or finally step into your dream house, the Kerezsi Real Estate Team is here to guide you through the process. Remember, who you work with matters. We have the expertise and local market knowledge to help you navigate the current climate and achieve your real estate goals.
Contact us today for a FREE consultation and let’s turn your dream into reality!
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